Jim Cramer: McDonald's Not Offering What People Want

TheStreet's Jim Cramer says McDonald's earnings 'took my breath away' because even in areas where he thought they had momentum, like Europe, they've lost it.

TheStreet's Jim Cramer says McDonald's earnings 'took my breath away' because even in areas where he thought they had momentum, like Europe, they've lost it. Sales numbers for the United States were also bad. Cramer says it is because McDonald's no longer offers something people want compared to Chipotle which is all natural and organic. Cramer says McDonald's and Coca-Cola are 'riding a trend into the sunset.' He says companies like McDonald’s and Coca-Cola used to have appeal overseas, however they’ve lost their luster. Cramer says McDonald's does have a good balance sheet, but in terms of sales and earnings, 'they don't have it.'